LyondellBasell Reports First Quarter 2021 Earnings
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LyondellBasell Industries (LYB) Tops Q1 EPS by 59c, Revenues Miss
April 30, 2021 6:33 AM EDTLyondellBasell Industries (NYSE: LYB) reported Q1 EPS of $3.18, $0.59 better than the analyst estimate of $2.59. Revenue for the quarter came in at $9.08 billion versus the consensus estimate of $9.09 billion.
"First quarter performance built upon the economic momentum we saw toward the end of last year. We experienced persistently strong consumer-driven demand, recovery in durable goods markets and industry supply constraints, which enabled price increases and drove margin improvements for many of our products. During February, unusually cold weather and related power outages impacted operations in our industry across the state of Texas and... More
